Indiana Trust & Investment Management CO Sells 1,657 Shares of Procter & Gamble Co (NYSE:PG)

Indiana Trust & Investment Management CO lowered its holdings in shares of Procter & Gamble Co (NYSE:PG) by 9.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 16,278 shares of the company’s stock after selling 1,657 shares during the quarter. Procter & Gamble accounts for about 1.1% of Indiana Trust & Investment Management CO’s investment portfolio, making the stock its 17th largest holding. Indiana Trust & Investment Management CO’s holdings in Procter & Gamble were worth $2,024,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Krane Funds Advisors LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $25,000. Camarda Financial Advisors LLC boosted its stake in shares of Procter & Gamble by 59.2% during the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Dougherty Wealth Advisers LLC boosted its stake in shares of Procter & Gamble by 250.0% during the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Smart Portfolios LLC boosted its stake in shares of Procter & Gamble by 48.0% during the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after purchasing an additional 146 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Procter & Gamble by 51.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock valued at $48,000 after purchasing an additional 150 shares in the last quarter. 65.63% of the stock is currently owned by institutional investors.

Procter & Gamble stock traded up $1.00 during trading hours on Friday, hitting $122.74. The stock had a trading volume of 34,263 shares, compared to its average volume of 7,071,595. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $309.95 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 3.59 and a beta of 0.42. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $125.36. The stock’s 50-day moving average price is $121.21 and its 200-day moving average price is $111.84.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.04. The business had revenue of $17.09 billion during the quarter, compared to analysts’ expectations of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. On average, research analysts expect that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.

In other news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $116.00, for a total transaction of $4,295,132.00. Following the completion of the transaction, the chief executive officer now directly owns 112,703 shares of the company’s stock, valued at $13,073,548. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Valarie L. Sheppard sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $120.20, for a total transaction of $2,043,400.00. The disclosure for this sale can be found here. Insiders sold 448,674 shares of company stock valued at $53,197,461 over the last ninety days. Corporate insiders own 1.75% of the company’s stock.

PG has been the topic of a number of research reports. Wells Fargo & Co reaffirmed a “buy” rating and set a $135.00 target price (up previously from $125.00) on shares of Procter & Gamble in a research note on Tuesday, July 30th. Royal Bank of Canada reaffirmed a “neutral” rating and set a $89.00 target price on shares of Procter & Gamble in a research note on Tuesday, July 30th. TheStreet lowered shares of Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. ValuEngine cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Goldman Sachs Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price target for the company from $114.00 to $125.00 in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. Procter & Gamble currently has a consensus rating of “Hold” and an average target price of $108.89.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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